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Soft4FX Forex Simulator

Soft4fx Forex Simulator
Soft4FX lot sizing
Economic news backtesting
Multi-timeframe analysis

$99.00

A super-handy manual backtesting software plugin for MetaTrader 4.

Use your existing custom indicators in your backtesting and get free historical data.

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Category: Forex Backtesting Software Tag: External Products
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Description

Manual backtesting software is one of the most valuable tools in a discretionary trader’s toolbox.

They allow you to:

  • Find out if trading strategies have an edge
  • Practice trading
  • Try out new ideas without risking real money

One of our favorite software packages is Forex Simulator by Soft4FX.

Here’s why we like it so much…

Unleash the Awesome Power of MetaTrader 4 for Manual Backtesting

MetaTrader is a decent option for backtesting manual trading strategies. Many people use it because it’s free.

But there are 2 glaring shortcomings that come with using MT4:

  1. Tons of data entry because you have to use a spreadsheet to track your trades.
  2. It takes a lot of work to get useful statistics.

Soft4FX Forex Simulator solves these issues well, plus it does so much more…

Download Free Data

The great news is that Forex Simulator comes with free data. You can download tick data from:

  • MetaTrader
  • TrueFX
  • Dukascopy

$99

Buy Now

(one-time payment)

 

You can import even more data if you want it…

Use Your Broker’s Data

Soft4FX data center download

The default historical data in MT4 comes from MetaTrader. A great thing about MetaTrader however, is that you can also upload data from third parties.

That means you can upload data from your broker and get more realistic backtesting results.

You don’t have to settle with for the default MT4 data.

If you’re new to Forex, you might not know that data is slightly different from broker to broker. Prices are different, and so are spreads.

Therefore, some trading strategies may not work with some brokers, but they will work well with other brokers.

So when you use Soft4FX with MetaTrader 4, you can use your broker’s data or data from any other broker.

Break free from of data constraints with Forex Simulator.

How Soft4FX Forex Simulator Compares

I tested this product against the most popular manual backtesting software solutions on the market.

Watch this video to find out how I rank Soft4FX Forex Simulator against the biggest solutions out there.

Track Multiple Timeframes at the Same Time

One of the biggest shortcomings of a lot of backtesting software solutions is that you can only watch one timeframe at a time.

But many traders use multi-timeframe analysis in their live trading.

Luckily, Forex Simulator allows you to open multiple charts at the same time. Change each chart to the timeframe of your choice, then start testing.

The charts will move forward at the same speed, so you can do multi-timeframe analysis on the fly.

Multi-timeframe charts in Soft4FX

$99

Buy Now

(one-time payment)

 

Backtest Your Strategies in Multiple Markets

The Forex Simulator currently allows you to backtest the following:

  • 60 Forex pairs
  • Gold
  • Silver
  • Oil
  • 12 stock indexes

Get Practice When You’re Not Trading

Many traders get into trouble when they stare at the charts for too long.

They have a tendency to develop an itchy trigger finger and start “inventing” trades.

One way to prevent this is to use backtesting software to practice your trading strategy.

This practice is tremendously valuable and helps you take your trading to the next level.

You can also practice and test ideas on the weekend, or whenever the markets are closed.

See How News Events Affect Price

Economic news backtesting

Another great feature of Forex Simulator is you can track economic news during your backtesting.

This is a fantastic benefit for traders who use fundamental analysis in their trading.

See how news releases affect price and work on develop trading strategies centered on news.

Percentage Risk Position Sizing

Most backtesting solutions only allow you to enter lots to determine your position sizing.

Forex Simulator gives you the option of using $ amounts, lots and percent risk.

This flexibility allows you to test in exactly the same way that you trade.

Soft4FX lot sizing

And Much More!

But that’s not all. There is so much more that this software can do.

To learn more about what Soft4FX Forex Simulator can do, click the button below to get the details.

$99

Buy Now

(one-time payment)

 

Frequently Asked Questions

Click the “+” symbol to see the answer to each question.

Will this work with my broker?
This indicator will work with any broker that uses the MT4 platform.
Will this indicator work on the mobile or web versions of MT4?
No, this product will only work with the desktop version of MT4.
Will this software work on MT5?
No, this indicator only works on the desktop version of MT4.
How do I download the indicator after I purchase it?
After you purchase this indicator, you will be given directions on how to download it.
Is there a guarantee?
Click the button below to find out the vendor’s current policy for refunds.

$99

Buy Now

(one-time payment)

 

 

This is a third-party product. Clicking the Buy button will take you to their website to purchase. It is an affiliate link, so we do get a small commission if you purchase from us, but it does not cost you anything extra. We only list products that we love and have used personally. Since this is a third-party product, we do not control transactions, product updates or support. We are not liable for issues related to this product. Contact the vendor directly for all support questions related to this product. 

 

More Information

Refund Policy

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Platform

MetaTrader 4

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

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